Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ($1.36 billion) in Dubai’s real estate sector, underlining its confidence in the emirate’s investment outlook.
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Mubadala Investment Company, an Abu Dhabi–based sovereign investor, today reported strong financial performance in its 2025 annual results with its assets under management growing 17 percent to AED1.4 trillion ($385 billion), with annualised five- and ten-year returns exceeding 10 percent.
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The United Arab Emirates is accelerating efforts to strengthen alternative trade corridors, improve customs systems and expand regional shipping connectivity as it works to protect supply chains and reinforce its position as a trusted global logistics hub amid continuing regional disruptions.
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Oil prices rose on Thursday after Iran’s Islamic Revolutionary Guard Corps claimed that shipping through the Strait of Hormuz was stopped following what it said was an Israeli ceasefire violation in Lebanon.
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The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
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The Central Bank of Bahrain (CBB) and the Central Bank of the United Arab Emirates (CBUAE) have announced the establishment of a currency swap agreement between the Bahraini Dinar (BHD) and the UAE Dirham (AED) during a virtual signing ceremony.
A temporary ceasefire in the Iran conflict has brought a visible sense of relief to the Gulf travel industry after weeks of disruption that affected flights, hotel bookings and regional travel confidence.
Alshaya Group, a leading Kuwaiti business conglomerate, has announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business. It operates 30 stores in Greece and 18 in Cyprus employing around 500 people.
Successful digital identity proofs of concept (PoCs) have demonstrated that contactless, biometric-enabled international travel is achievable with digital identity replacing paper documentation, said International Air Transport Association (IATA).
US President Donald Trump has hailed the ceasefire agreement between the US and Iran as a big day for world peace and said there is an opportunity to make big money.
Oil prices have dropped sharply and stock markets have jumped after the US and Iran agreed a two-week ceasefire deal that includes the reopening of the Strait of Hormuz waterway.
Iran has said that the country’s military will coordinate safe passage through the Strait of Hormuz during the ceasefire.
US President Donald Trump said he had agreed to a two-week ceasefire with Iran on Tuesday on the condition that Iran agrees to reopen the critical Strait of Hormuz, while Iran’s supreme leader has instructed all military units to stop firing.
Borouge, an Abu Dhabi-based petrochemicals company, has announced that it has won shareholder approval for $1.32 billion worth of dividends for FY2025, reflecting its strong operational performance and record sales. The final set of dividend payments for 2025 amounts to $658 million (8.1 fils per share).
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
British Airways said it will reduce services across key Middle East routes when operations resume, citing continued uncertainty over regional airspace. Flights to Dubai, Doha and Tel Aviv will be cut to one daily service from July 1, while Riyadh frequencies will fall from two daily flights to one from mid-May. Jeddah is being dropped from the network altogether.
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
SLS The Red Sea, a destination in its own right, presents a dynamic culinary line-up that brings together internationally acclaimed names making their Saudi debut alongside original concepts.
Researchers at NYU Abu Dhabi have developed smart molecules capable of both detecting and treating cancer, offering a safer and more precise approach to care. Farah Benyettou, lead researcher, and Thirumurugan Prakasam, a research scientist, were part of the team.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Mubadala Investment Company, an Abu Dhabi–based sovereign investor, today reported strong financial performance in its 2025 annual results with its assets under management growing 17 percent to AED1.4 trillion ($385 billion), with annualised five- and ten-year returns exceeding 10 percent.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
Confusion over the scope of the newly announced US-Iran ceasefire and Israel's military campaign in Lebanon continued to disrupt shipping through the Strait of Hormuz, with industry operators adopting a cautious wait-and-see approach.
